How this is built
The tracker publishes facts only: no stances, rankings, forecasts, or sentences interpreting what a fact means. Certified figures publish automatically, with no human approval step and no AI involved.
Two kinds of figure
Certified. For the 16 public companies that report quarterly revenue to the SEC in structured form, the site re-derives each figure from the company’s own SEC filings: name and ticker, quarterly revenue, year-over-year growth, up to eight quarters, and the filing and date of SEC-filed events. A check is scheduled every 4 hours. All 80 certified claims must pass before anything publishes; if one fails, nothing changes on the site. New figures publish only when a value changes. Last certified change: 2026-10-16 10:12 UTC.
The check that certifies a figure is separate code from the code that produces it, but it reads the same SEC data with the same rules for quarters, restatements and revenue tags. It confirms the figures reproduce from the filings. It is not a second, independent method.
Not certified. Filed-event summaries are written by a script from the filing’s form and item numbers. Everything else was collected from company releases, press and company pages, partly with AI assistance, and checked against the sourcing ladder below when it was published. It keeps that source and date and is not re-checked automatically:
- Company-stated metrics. ARR, cRPO, billings and similar figures that companies state themselves. They are not in structured SEC data.
- Ownership text. Free-text descriptions. The name, ticker and listing status are certified instead.
- Events from press releases and news. Shown with the source that reported them.
- Written summaries of events. For SEC events the filing and its date are certified. The event type, the written summary, and any quoted filing text are not.
- Reporting-currency notes. Shown only for Trend Micro, which does not file with the SEC.
- Private, PE-owned and non-US suppliers, and suppliers that report as a segment of a larger company.
Filed events
Events from SEC filings are listed one by one, with the filing linked. The same rules apply to every company: officer and director changes (8-K Item 5.02), completed acquisitions and disposals (2.01), new debt (2.03, quoting the opening of the filing’s own description; the quote is extracted by a script, not certified, and the linked filing has the full text), exit and restructuring costs (2.05), bankruptcy (1.03), listing notices (3.01 and Form 25), merger proxies, and late-filing notices. A change to these rules is dated on the corrections page.
The sourcing ladder
Facts that are not from SEC filings were checked against this ladder when they were published. A fact resting only on a single trade-press report with no primary document behind it does not publish here.
What is not covered
12 domains, 74 tracked suppliers. The full list, and what falls outside it, is in What this site covers. 7 categories of company and claim are outside this tracker.
Who runs this
Security Market Pulse is run by Jesse Pike, who works in security sales at a technology reseller and runs an independent advisory practice. Some tracked suppliers are companies that reseller sells. The same published rules apply to every supplier. Security Market Pulse is independent and is not sponsored or paid for by any company it tracks.